What Should You Do If You Receive a Final Notice of Intent to Levy?
The IRS’ Final Notice of Intent to Levy is one of the most serious tax notices you can get. This letter, officially known as Notice LT11 or Letter 1058, lets … Read more
For many people, a lingering tax issue starts to “get real” once they receive notice of an IRS lien or levy against their house, bank account or other assets. This category of our blog focuses on liens and levies and the various options available to someone facing this sort of IRS issue.
The IRS’ Final Notice of Intent to Levy is one of the most serious tax notices you can get. This letter, officially known as Notice LT11 or Letter 1058, lets … Read more
Selling a home with an IRS lien can be challenging, but it is possible with proper planning. A federal tax lien attached to your property means that the IRS has … Read more
Many taxpayers worry that the IRS might file a federal tax lien without warning. The good news is that the IRS does notify you before filing a lien. In fact, … Read more
If you’ve fallen behind on your taxes, you may wonder whether that unpaid balance could harm your credit. After all, most types of debt can show up on your credit … Read more
Falling behind on your taxes can be overwhelming, especially once the IRS gets involved. One of the toughest collection actions they use is wage garnishment, where part of your paycheck … Read more
When taxpayers fall behind on their IRS debts, one of the harshest collection tools the agency can use is a bank levy. Many people assume that once the IRS levies … Read more
One of the most urgent questions taxpayers ask when the IRS begins taking their assets is, “Can I negotiate with the IRS once they start a levy?” Whether the levy … Read more
If you’re struggling with tax debt, you might be worried about whether the IRS can touch your retirement savings. Specifically, many taxpayers ask: can the IRS take your 401(k) to … Read more
If you share a bank account with someone who has IRS tax debt, you might be wondering: Can the IRS take money from a joint account, even if I don’t … Read more
If you’ve had property seized by the IRS, you may be wondering if you have any recourse if you think it was done improperly. Maybe you’ve received notices about a … Read more
Many taxpayers worry about whether the IRS can take all the money in their bank accounts if they owe back taxes. The short answer is YES, the IRS can seize … Read more
If you’ve received a Notice of Federal Tax Lien, you’re probably wondering how long it will last. A tax lien from the IRS can have a big impact on your … Read more
When faced with an IRS seizure, it’s important to remember that not all of your assets are fair game. While the IRS does have broad authority to collect tax debts, … Read more
Facing an IRS lien or levy can be stressful, especially when your property, wages, or bank accounts are at risk. A tax lien can make it difficult to sell your … Read more
For those struggling with overwhelming tax debt, filing for bankruptcy may be able to provide relief but it does not automatically erase all IRS obligations. While bankruptcy can halt collection … Read more
Yes, you can appeal an IRS levy. One of the IRS’s most powerful collection tools, a levy, allows the IRS to seize property, garnish wages, or withdraw funds from your … Read more
If you’ve ever owed the IRS a significant amount of money, you may have encountered the phrase “tax lien.” A tax lien is the federal government’s legal claim against your … Read more
One of the most pressing concerns when dealing with IRS tax debt is the risk of property seizure. A common question people ask is: Can the IRS seize jointly owned … Read more
One of the biggest concerns for taxpayers dealing with unpaid taxes and tax debt is whether the IRS can garnish their Social Security payments or disability benefits. By knowing the … Read more
If you have been wondering what happens when the IRS puts a tax lien on your property, here’s one key fact: it does not show up on your credit report. … Read more
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